ECON 452W Study Guide - Midterm Guide: Equation, Marginal Product
9 Jan 2019
School
Department
Course
Professor
Document Summary
You should mention names of authors when possible. Describe life in a typical hunter-gatherer society from europe or northern asia during 40-20 kya. Comment on the climate, food resources, technology, group size, the kinds of locations people used, and any other important features of this way of life. Be sure to indicate conditions under which people would probably not share food, and conditions under which groups would probably not share land with other groups. Most models of foraging societies assume that (a) the average product of labor is downward sloping and (b) population rises when food per capita is high, but falls when food per capita is low. Explain why each of these assumptions is reasonable. Choose one formal model from the reading list in which technology is treated as an endogenous variable. Southwest asia had especially favorable biological conditions that encouraged the transition to agriculture.
